Are you looking for an Operating Agreement for your Utah LLC? If yes, then you have come to the right place.
On this page, we’ve shared a generic operating agreement template which you can use and modify as per the needs of your business. The agreement was drafted and reviewed by an experienced attorney.
Why Every Utah LLC must draft an Operating Agreement
As you would know, an operating agreement is a document which mentions how the business should operate, the decision-making process between member(s), capital contribution and profit distribution.
You will find these points in any standard operating agreement. However, these points do not cover all the scenarios and can have repercussions in the future.
A well-drafted operating agreement should also cover the process of dispute resolution, voting rights of each member, information about buying out any members stake and so on.
Although the Utah state LLC laws do not specifically mandate the requirement of an operating agreement. But not having one can pose a serious risk for the business member(s). It also an important part of corporate formalities and shields the member’s personal asset.
Below we’ve shared generic Operating agreement for Utah LLCs. You can download them and edit as per your business understanding between the memeber(s).
Download Utah LLC Operating Agreement (PDF/DOCX)
Based on the type of your LLC, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 04/01/2019